As you will see below from a Form 4 filing with the SEC, Mich Dell bought some 4.5 million shares of Dell Inc. (NASDAQ: DELL) over the last 3 trading days at levels from $21.89 to $22.39. This comes up to right at $100 million in net purchases. Below are the transactions:
SECURITY DATE SHARES PRICE
Common Stock 06/27/2008 2,230,000 $22.3933
Common Stock 06/30/2008 100,000 $21.94
Common Stock 07/01/2008 2,173,600 $21.8902
This takes his direct ownership to some 220,664,682 shares. 4.5 million shares may not seem like much on the surface in comparison, but a $100 million purchase is hard not to notice.
Shares closed up 1.3% at $22.18 today, but shares are up even more up at $22.65 in after-hours trading.
Jon C. Ogg
July 1, 2008
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